Quick Update on MATIC: Here's a quick look at MATIC 2-day chart.
Upon analysis, it appears that the current price of MATIC is undergoing a retest of the lower trendline. Should the price break below this level, a more substantial downward movement is expected to occur. Consequently, it is recommended to closely monitor this rising channel, particularly in the event of a downside breach.
Furthermore, the ongoing downward trajectory of Bitcoin suggests a high likelihood of a corresponding decrease in the value of MATIC. In the event that Bitcoin retraces to the $20k range, it is anticipated that MATIC's price level will decline to at least $0.5. However, it should be noted that the price of Bitcoin is expected to continue decreasing from its current level, which further suggests the possibility of a downside break in the rising channel for MATIC as well.
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Matic
Matic 🛤️ Break + Retest 1.0069?Looks Like we can continue the Bearish momentum here back down to yesterday's low at .9792 and beyond to our next daily level at .9755.
Matic Polygon did a faekout yesterday above 1.0227. It returned back into the range, then to the bottom of the range then did a break and retest of the daily level on the 30m TF. Left a very large wick rejection and off we go onto the next zone at .9755. We have bounced but I can observe a retest of the low with momntum left over from earlier.
Bitcoin Potential Trading Setup AlertPotential Trading Setup Alert
BTCUSDT has bounced after a candle close below support and formed a bullish engulfing pattern. This indicates that BTC may hit $27800-$27900 before any further breakdown. My short bid is at $27800-$28000 with a stop loss at any 4H close above $28000 and my target is $25200.
Remember, trading carries risk, so it is important to do your own research and have a solid risk management strategy in place. Stay safe and happy trading!
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Matic, clear as mud!If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
PA up not clear to me, does not look motive.
Move down is a bit more clear.
Could see a bounce here.
If it breaks substantially,
watching these levels/channels to flip.
Cheers!
🔥MATIC TRADING PLAN: EXPECT 30-45% PUMP WITH BULLISH BTC AS KEY🔥Hi, friends! I don't think that MATIC will update the local high at $ 1.57, but it has the power to make a local pump by 30-45%.
This is in line with my vision global vision on BTC that there will be one more pump before this local bull market will end.
📊 TRADING PLAN FOR MATIC:
1. false breakout of the trendline
2. the volume growth which in 70-80% confirms that the bottom is reached
3. bullish BTC is a must-have for altcoin growth
✅ THE MAIN TARGETS FOR MATIC:
🔥$ 1.25 - the ley level and local high
🔥$ 1.50 - the key level and even number which is usually the strong resistance/support
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Matic sideways Wedge at play Looking critical day level with target in metic waiting for confirmation or trendline brake
Trade Alert - Long MaticTraders,
You guys know I have been dreaming of a touch on our MATIC May 2021 ascending trendline for months now. Today we got that. And though I missed the .98 cents touch for a buy in, I did get in at a dollar. My target will be at least that $1.53 cents level. Stop out is hard. But I wouldn't want to see anything much lower than that .87 cent level I have marked.
Best to you all,
Stew
Polygon 🛠️ Holding 1.0159 ? Will We continue our uptrend on HTF's? IDK we will have to see if price ( 1.0159 ) Daily level
will hold or we may fall into the depths below, the abyss. I can our next short targets being ( .9760 ) 4hr Level
and ( .9382 ) Weekly level. I can see a short term range being created here to build up more liquidity to go to the upside. The prices for the range may be between 4hr zones ( 1.0069 and 1.0539 ) before seeing more upside as bulls gather liquidity.
$MATIC Lost the last D S/R levelMATIC has lost the last daily SR level, and I think it will go straight to the next one at least at $0.7891.
As confluence, it has also closed under 200EMA
MATIC/USDT 1DInterval ReviewHello everyone, let's look at the MATIC to USDT chart on a one-day time frame. As you can see, the price is holding just above the uptrend line.
Let's start with the support line and as you can see the first support in the near future is $0.95, if the support is broken then the next support is $0.80, $0.58 and $0.31.
Now let's move to the resistance line, as you can see, the first resistance is $1.03, if the price breaks it, the next resistance will be $1.20, $1.43 and $1.75.
Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates entering a downtrend, however, we see a strong rebound on the RSI, which may indicate that the support point on the trend line may end the correction.
MATIC: Approaching SupportPolygon (MATIC) technical analysis:
Trade setup : Price was rejected at $1.60 resistance and pulled back near $1.00 support (also 200-day MA), which could be an attractive swing entry opportunity. However, trends are mixed, hence, buying it here would be counter-trend and therefore risky.
Trend : Uptrend on Medium-Term basis and Neutral on Short- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $1.00, then $0.75. The nearest Resistance Zone is $1.30, then $1.55.
Polygon MATIC Price Targets after the Ethereum Shanghai upgradeEthereum’s Shanghai upgrade is scheduled to launch on April 12.
The upgrade will make more than 18 million ether, worth approximately $34Billion, withdrawable, possibly causing a sudden crypto market supply dump.
This is my scenario for Polygon:
MATIC/USDT short
Entry Range: $1.05 - 1.20
Take Profit 1: $0.95
Take Profit 2: $0.79
Take Profit 3: $0.63
Stop Loss: $1.41
MATIC/USDT - Will price respect the support trend line?MATIC/USDT is currently at a long term support trend line. Do you think price will hold this support level?
Do you think the moving average line of 200 can prevent further Do you think the moving average line of 200 can prevent further
matic/busd buy callMatic/busd just tested support
and bounced back
buy : 1.1555
sl : 1.1465
tp 1.1773
MATICUSDT trading at daily support, likely to head towards 1.15The price has hit the daily support and likely to bounce from here. Therefore a long is favorable here. The target of the long should be 1.15 which is also daily resistance zone.
MATIC ready for correction (Short)After few unsuccessful attempts to break the resistance, looks like we are ready for some correction most probably after a liquidity grab considering the strong short time uptrend.
NFA
Matic Finally impulse to the ATH? Hello! Based on the chart, it appears that the 0.618 level has held as a strong support. Furthermore, there has been a decrease in BTC dominance, suggesting the possibility of a breakout from the local trendline with an impulse towards the next Fibonacci level or even the all-time high (ATH).
MATIC | Possible crap pattern#MATIC/USDT
🟢Entry price: from 1.0357 to 0.9788
🟢 or you can trade the breakout of 1.1434 for more safe entry
🎯Targets:
|> 1.14
|> 1.212
|> 1.337
|> 1.52
🔴Stop-loss: Daily close under 0.9245
➡️Recommended risk: 0.5%
➡️Recommended Position Size for entry point #1: 2.27%
➡️Recommended Position Size for entry point #2: 4.17%
stay safe and thank you !
Potential fill on KAVA Imbalance and Bullish OrderblockI see a potential fill to a Fair Value Gap and a Bullish Order for KAVA
Risk 2% on this trade:
This is an example of a continuation setup of my MATIC play from yesterday!
maticFor spot buying in two areas, with the specified loss limit. If you made the purchase in the first area, and you wanted to average, the second area and the second loss limit will be activated.
